A Middlesex County, New Jersey man who owned a now-defunct Linden automotive repair business today admitted to filing a false tax return on behalf of his company.
Gabriel M. Ferrari, 64, of Edison, New Jersey, pleaded guilty by videoconference before U.S. District Judge Stanley R. Chesler to Count Four of an indictment that charged him with subscribing to a false tax return.
According to U.S. Attorney Philip R. Sellinger, documents filed in this case and statements made in court, Ferrari was the sole owner of Buses and Trucks Inc., an automotive repair business in Linden, New Jersey.
In January 2015, Ferrari subscribed to and caused to be filed a corporate tax return for Buses and Trucks for tax year 2011.
As Ferrari —a registered Republican who lives at 263 Alden Avenue in Edison — knew at the time, that the return he filed understated the company’s gross receipts for the tax year 2011.
In fact, Ferrari had diverted Buses and Trucks’ gross receipts to pay personal expenses, including gambling on horse races, and did not report those diverted receipts on the Buses and Trucks 2011 corporate tax return.
The charge of subscribing to a false tax return carries a maximum potential penalty of three years in prison and a maximum fine of $250,000.
Sentencing is set for Sept. 14, 2022.
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